The Director-General of the Debt Management Office (DMO), Dr Abraham Nwankwo, unveiled the debt profile when defending the agency’s 2017 budget before the Senate Committee on Local and Foreign Debts.
Dr Nwankwo pointed out that in spite of the recession, the economic indices had not portrayed Nigeria as a weak economy to warrant seeking debt relief.
“Nigeria is not in a position to beg for debt forgiveness,” he said.
The profile includes domestic and foreign debts as at the end of 2016.
The external debt was estimated at $11.41 billion (N3.48 trillion), while the domestic share stood at $45.98 billion (N13.88 trillion).
Dr Nwankwo noted that a borrowing genuinely committed to infrastructural development would go a long way in developing the economy.
He said the Ministry of Finance was expanding the nation’s tax base to help repay the debt.
The expansion, Dr Nwankwo said, would be realised by ensuring that people and companies that were not paying taxes began to do so to boost the revenue base and reduce the need for borrowing.
He lamented that tax collection in Nigeria had been poor, contributing to reduced revenue generation.
Latest News, Gossips, EU and Naija Based Artists, Comedians, Actors, Promoters, Music and Movie premere, Politics and their life styles.
Friday, 24 February 2017
Drops!!!!!! ONE IN A MILLION is a great love song coming from Award Winning Artists; TOA a.k.a T-BABA
THE MOST WANTED SONG IS FINALLY OUTONE IN A MILLION is a great love song coming from Award Winning Artists; TOA a.k.a T-BABA from Nigeria, DJ NAYCHA from Ghana, and OGO from Gabon. They decided to come together and make this happen for their fans to enjoy. Download and enjoy fans.
TOA ONE IN A MILLION DOWNLOAD HERE!!
Monday, 20 February 2017
Is Diamond Platnumz a Drug Trafficker, See What Happened After Wema Sepetu Was Arrested ... read it all on Tafia world.
Tanzanian socialite,Wema Sepetu was arrested on Friday by Tanzania authority on suspicion of selling illegal drugs in Tazania.A day after her arrest, her former boyfriend, Diamond Platnumz has been summoned to appear to the nearest police station as soon as possible or face arrest.
Diamond Platnumz was listed among individuals who deal with drug-trafficking in Tanzania. It is believed that the singer uses his position in the society to sneak drugs into the country and supply them through his allies. Initially,
Wema Sepetu, his former girlfriend, was directly selling on behalf of the singer but later went her own way after they parted ways.
Besides Diamond and Wema,there are other 17 Tanzanian nationals who were mentioned in the list,they include:Ray C,Nay Wa Mitego,Idris Sultan,Ruge Mutabaha,Azan Zungu,and Vanessa Mdee.
Specualtions is that Diamond has been arrested in london in possession of 2kilogram of Cocain, Tafia world is yet to confirm this allegation, we will kep you all updated.
Sunday, 19 February 2017
Centro men Vs married women.Dating outside their marriage.and singles ladies Dating married men Home and Abroad.your Attention is Needed by social media president ......comments on Tafia world.
Centro men Vs married women.Dating outside their marriage.and singles ladies Dating married men Home and Abroad.your Attention is Needed by social media president Oba Ghato kapere
Jennifer Odubu sets the record straight says she never slept with Destiny, she only borrowed him money... read it all her on Tafia world.
Jenneder Odubu wants to set the record striaght that she did not sleep with Destiny Ebagua as been speculated in the social media plaatform of face page and live video recording of Eddie Murphy Idahosa she said she is happily married and everyone who knows her know how she truely love her husband, and that she only borrowed money to Destiny Ebagua who was in need and in distress as at the time he asked her to borrow money in the presence of Skimmy Yah, and that they were all at Skimys house at the time. All she wants is her money back and nothing else, read some of her conversations with destiny via whatsapp .She said her Husband is aware of the issue and that her husband has even reached out to Destiny himself with a voice conversation, if truely she slept with him will she also ask her husband to ask for the money back?? she said.
I gave money to destiny because he asked me and Skimmy Yah money he told us he was going to Court at that moment skimmy told him he don't have any money then I told skimmy I have but he is your Friend then skimmy said yes if I really want to help him I should help him out that he will pay me back then I give skimmy the money to give to his friend destiny now I am asking for my money now is a different type of story and I never told Eddie Murphy Idahosa that's destiny f****** me never, and that she gave Skimy Yah the money to give to destiny and Skimmy Yah is still alive and living witness to it.
Saturday, 18 February 2017
Nigeria’s debt burden equals five years national budget...Read It On Tafia World
Nigeria’s total debt has hit $59.39 billion (N17.36 trillion) which is equivalent to about five years national budget, official disclosed.
Friday, 17 February 2017
EU Super Star Calebin drops another club banger with Tekno after she too bad with djbudetee download and listen here....
Calebin ft. Tekno – Parole
Clabmusic finest & Sensational Afro Music Singer CALEBIN who was recently crowned
Europe Artist of The Year at African Diaspora Merit Awards/Afrobeats Music Awards 2016, and has bagged some other numerous awards over the years, Officially drops the much-anticipated collaboration between him and African finest act Tekno.
The song ‘Parole’ which was co-produced by Ace producer
DJ Coublon with the guitar touch from Africa’s top guitarist ‘Fiokee’ was Mix and Mastered by Swaps
Calebin promises to keep putting out to his fans quality sound and dope lyrics as usual.
It would be recalled that Calebin won best Artist of the year along side Celebrated Deejay budetee with the song She too bad, now Calebin has come out with another banger this time parole.
Download Listen & Share your thoughts.
https://hearthis.at/djbudetee-taiwo-obude-nz/calebin-ft-tekno-parole/
Clabmusic finest & Sensational Afro Music Singer CALEBIN who was recently crowned
Europe Artist of The Year at African Diaspora Merit Awards/Afrobeats Music Awards 2016, and has bagged some other numerous awards over the years, Officially drops the much-anticipated collaboration between him and African finest act Tekno.
The song ‘Parole’ which was co-produced by Ace producer
DJ Coublon with the guitar touch from Africa’s top guitarist ‘Fiokee’ was Mix and Mastered by Swaps
Calebin promises to keep putting out to his fans quality sound and dope lyrics as usual.
It would be recalled that Calebin won best Artist of the year along side Celebrated Deejay budetee with the song She too bad, now Calebin has come out with another banger this time parole.
Download Listen & Share your thoughts.
https://hearthis.at/djbudetee-taiwo-obude-nz/calebin-ft-tekno-parole/
Thursday, 16 February 2017
Sokoto To Feed One Million Students With N5.4bn...Read It All On Tafia World
Sokoto State Government says it has earmarked over N5.4bn to feed no fewer than one million students in its primary and secondary schools in 2017.
The Permanent Secretary, Ministry of Basic and Secondary Education, Alhaji Mainasara Ahmed, on Thursday said, “These pupils and students are currently studying in both boarding and non-boarding schools across the 23 local government areas in the state.
“This money also includes the homegrown school feeding programme to be jointly undertaken by both the federal and state governments.
“The gesture is aimed at shoring up students’ enrolment, retention, and completion, especially girl child education.”
He spoke at a three-day workshop organized by a USAID-assisted Leadership, Empowerment, Advocacy and Development (LEAD) Project being implemented in Sokoto and Bauchi States.
Ahmed disclosed that the state government had established the female education, secondary education, and examinations boards to improve the standard of education in the state
“This money also includes the homegrown school feeding programme to be jointly undertaken by both the federal and state governments.
“The gesture is aimed at shoring up students’ enrolment, retention, and completion, especially girl child education.”
He spoke at a three-day workshop organized by a USAID-assisted Leadership, Empowerment, Advocacy and Development (LEAD) Project being implemented in Sokoto and Bauchi States.
Ahmed disclosed that the state government had established the female education, secondary education, and examinations boards to improve the standard of education in the state
Buhari has a right to his vacation, no need to intrude – Presidency...Read It All On Tafia World
Presidential spokesman, Femi Adesina, has said that the president will not speak to Nigerians as he has a right to his vacation.
The president’s extended vacation in the UK has caused a stir in the country with many speculating about his state of health.
The Senate president, Bukola Saraki, and the Speaker of the House, Yakubu Dogara, were the latest people to visit the President in UK although many have urged him to speak with Nigerians to dispel rumour about his state of health.
Adesina, who appeared on a show on TVC, on Thursday, said the president has a right to his vacation and there was no need to intrude.On the issue of the president’s health, he said: “It is a matter of opinion and that those who say are welcome to their opinion as there are some people who don’t want to believe the word of other people and no matter what you say or do you have not done it well hence you leave them to their opinion.”
“If Buhari will speak to Nigerians it will be his choice, his prerogative. We don’t need to intrude. What some people want to do is to ram it down his throat willy-nilly. It is a point of principle that Buhari is not speaking to Nigerians.”
The Senate president, Bukola Saraki, and the Speaker of the House, Yakubu Dogara, were the latest people to visit the President in UK although many have urged him to speak with Nigerians to dispel rumour about his state of health.
Adesina, who appeared on a show on TVC, on Thursday, said the president has a right to his vacation and there was no need to intrude.On the issue of the president’s health, he said: “It is a matter of opinion and that those who say are welcome to their opinion as there are some people who don’t want to believe the word of other people and no matter what you say or do you have not done it well hence you leave them to their opinion.”
“If Buhari will speak to Nigerians it will be his choice, his prerogative. We don’t need to intrude. What some people want to do is to ram it down his throat willy-nilly. It is a point of principle that Buhari is not speaking to Nigerians.”
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